Canadians’ debt-to-income ratio at record high
Declining income pushed a national measure of Canadian household debt to a record high in the three months ended in September, Statistics Canada reported Monday.
Tagged: Mortgage Debt
Canadian mortgage debt tops $1-trillion for first time
The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance.